-Molly just graduated from high school. The figure shows her possibilities frontier. If Molly goes to college, she will move from point M to point K. In terms of consumption goods, Mollyʹs opportunity cost of going to college is

Question

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The opportunity cost of going to college is the amount of consumption goods Molly gives up, which is represented by the distance LM on the possibilities frontier.

-Molly Just Graduated from High School